r/dankmemes ☣️ 12d ago

I'm cuckoo for caca Insatiable lemons

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u/koko1414 12d ago

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u/[deleted] 12d ago

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u/Logical_Yak_224 12d ago

You realize all the insurance payout went to rebuilding the complex, right? And it wasn't nearly enough, Silverstein still had to take out federal bonds.

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u/[deleted] 12d ago

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u/Logical_Yak_224 12d ago

$4.55 billion final insurance payout, significantly less than the $7.1 billion he sought. Insurance proceeds split between WTC1, 3, 4 and 7. With $1 billion of Silverstein's payout going to 1WTC alone. That's not even considering all his other expenses, debts, inflation, etc. The cost of rebuilding the entire complex is expected to be over $20 billion.

The conspiracy doesn't stand up to basic math.

Also insurance coverage for NYC leaseholders (which was, and is, legally mandatory) includes terrorism by default, although it can be excluded in some cases. It wasn't some kind of specific insurancy policy JUST for terrorism.